Member Info for zanmantate

So just July 1st we had $25m cash. Since then we’ve been generating $4m per month plus potentially some further draw down on the Egypt gov balance (if there’s still some left?). I’d imagine significantly reduced capital expenditure since July I.e we spent circa $17m on Morocco and Egypt drilling previously. Furthermore with discoveries coming online and an improved oil price over the period (albeit not now) we could be closer to $5m per month.

Cash position should be even larger, and that’s without considering the European bank facility. With production on its way to meeting or surpassing 8000 BOEPD by year end it could be a stunning update next week. Only thing holding me back from buying more down here is the oil price getting crushed. But then again that could be a silver lining for some takeover targets. Maybe that’s why we’ve had operational silence for months now?

Just speculation and my opinion, all the best.

Afternoon all, if someone would be kind enough to remind me, is the 8000boepd estimated target for the EoY including production from SD?

Still awaiting a sale price I believe for SD gas? That’ll obviously make a big difference too. Hopefully the rises in US natural gas prices have positively influenced those discussions for us.

Seen a few people valuing our MOD holding at 12.5%. They do realise we also have 40 million one to one MOD options exercisable at 0? Are they now worthless when calculating our NAV? Cash must be fairly strong as well based on the recent raise. Anyone got any figures? Will look tonight.

Completely agree Aimbaggers on that T23 target. Shallow NPF contact changes everything.

With T23 being drilled at the moment, and further assays waiting on A4 (which I'm personally very hopeful about), I'm happy not be on the sidelines.

I see what you're saying re the length of the intersection and the wording surrounding that, however it wouldn't have been assayed on the spot. So while they could have had more info on the length of intersection at that time, they wouldn't have had info on grades etc. Hence waiting for a later RNS to release the full package of info for that hole.

However i'm not sure how any of that or any of what you've said supports 'what we had been told appears to have vanished into the world of mod or mtr trash can'. Maybe you're right it could have not been included in either RNS and just announced fully on the 15th, but that's on the mild side of mild compared to 99% of AIM companies.

We all have frustrations with the share price, but i'm still confident in the long term success of the Kalahari copper belt and MTR as a vehicle for exposure to that. Copper bumping 2.8p too. Just my opinions, have a good weekend

From the 15th of Nov RNS;

Hole MO-A1-002D
7m @ 0.9% Cu & 14g/t Ag from 190m (Vein, assay complete)

Obviously looked promising at a point in time, but turned out to be nothing to shout about so wrapped up in a larger update. Looks pretty un-stinky to me?

Big after hours 250k sell showing up. Must have been worked over the past week or two.

Copper nicely up today too. Bumping around 2.75

Evening all, don’t post so much anymore but thought I’d share this article (forgive me for sharing the mail). Amazing what happens when you broaden your times horizons and stick with a company you believe in. Cant have been easy to build such large stake at that low price unless there were a lot of sellers..

All the best to everyone and their individual, chosen trading strategy.

https://www.thisismoney.co.uk/money/markets/article-6355935/Builder-wife-hit-38m-jackpot-making-slick-gamble-North-Sea-oil-firm.html

Shockingly undervalued and yep still below my lowest buy in price. Plenty of room to move up into low teens.

Such a low free float, plenty of liquid assets, low cash burn, director buys recently and an outstanding project at Lagoa Salgada. Hopefully we’ll come onto a few investors radar now we’re on the risers board.

Afternoon all, imo it’s been very apparent through trading patterns that there’s been a huge sell order(s) going through for a while. Ask dropping on no trades to try and tempt buys etc. Can only assume it’s some part of larger plan for the big cats to get their hands on a bucket load of circa 2p shares from the open market. Don’t ask me how, just a suspicion and seems to add up to me. <br /><br />But every cloud has a silver lining etc if you’ve got some spare cash. Topped up myself on Friday expecting some news over the weekend. Once the powers that be decide they’ve had enough, can’t see with a nice bit of kml news we cant move back to the placing price sharpish. <br /><br />Even fundamentals aside, decent 30% trading opportunity imo over a relatively short period. Plus that bottom looks pretty solid doesn’t it?

Yes any feedback or notes from anyone attending would be much appreciated. Anyone going?

I’d be particularly interested in South Ramadan, news welll overdue there unless there’s something deeper going on there. Also the 75,000 figure and with PoO in the 80’s are we closer to $5m per month.

Any feedback much appreciated

Sometimes you've just got to sit back and admire the company RP is putting together. In the current macro economy, with all the geopolitical risks that come with that and the quickly looming bear market, RP and the team are putting together a hugely diversified portfolio of assets and potential revenue streams.

Many BOD's would just sits on their oil producing assets and go for the hamster well approach, but RP is proactively expanding our portfolio, looking for innovative ways to overcome real problems - true entrepreneurship. Delighted with the water project, and agree its easily scaleable with our industry contacts (True maybe?). Also very pleased to hear about Helios as that was also the primary reason i invested all those moons ago.

Only other thing i'll add is look at that expanding acreage.. Come on Kansas!!

14th June RNS estimates the SRM 3 still will take 90 days to drill and complete. By my calculations we’re on day 108 now.

I know there’s been some discussion over this being an offshore drill, with BP being increasing interested in offshore drilling. Also that GPC hold a 50% ownership there.

If this was tied into the BP deal would that warrant the drill results from this well being held back from the open market? Adding 2 and 2 together here but that would possibly answer a few questions? Alternatively it’s just delayed and coincidental with the trading halt.

Great research Substp. From one of the linked docs:

"Highlands currently has sixteen (16) submitted drilling permits pending COGCC approval; eight in Section 32 – T5S – R64W and eight in Section 33 – T5S – R64W within Arapahoe County. Highlands also has two (2) submitted location assessment permits pending COGCC approval; one in Section 32 and one in Section 33. In the event drilling operations are initiated during the pilot project duration, any flow-back fluids from the wells would be transported via pipeline or trucks for treatment by the E10X system at the pilot project location in Section 15 – T5S – R64W for re-use in nearby drilling and completion operations."

So we haven't given up on those further 16 wells. If they started drilling those during the pilot project the liquid will be piped down to section 15 for treatment. Wonder what kind of financial payback/efficiency saving we'd see from this process. Looks like we're establishing ourselves firmly in that O&G well enhancement market - nice

It’s obviously impossible to say until we see the terms of the agreement. However my two cents is if it’s everything we hope for in terms production and financing then I’d be disappointed if we started in double digits. The least us LTHs deserve. I’d then hope to quickly push through and past the 100s. Looking at that production increase relative to current mcap (and obviously assuming no/limited dilution) we’d need some big movements to put us on fair valuation.

On a separate note, Brent bumping up against $83. Phor

A few points as to why MTR has attracted me.

Great for copper exposure in your portfolio. Have a look at the macro trends, copper demand, copper supply (grades, quality, tonnage). For me copper is a good place to park some money

Strong financial base. No debt, good cash balance and a trading arm with a history of success (yes recently it’s been challenging).

Significant II and board backing, including directors and Sprott with large tranches at prices well above the current prevailing price.

Knowledgeable and experienced board. Take a look and make your own opinions, but I’ll never invest long term in a company if I don’t trust the CEO. Some pretty decent geologists kicking around too

The huge upside of MOD; the sheer size of the area, AEM technology, and the geology of the Kalahari copper belt.

Thailand has been a long road but in time I’m optimistic at its long term future. Definitely a back burner one

Just a few quick points off the top of my head. ATB whatever you decide to invest.

Hi NorthernMagic,

My view is prior to this deal SDX was a model small cap company financially. No debt, buckets of cash in the bank and fresh money coming in monthly. Add a well motivated, experienced, knowledgeable board and some highly prospective upside we’re looking pretty good from a investors perspective. (Can you blame me for investing?) Don’t get me started about the PoO

We’ve also shown in the past we can secure non dilutive, formal funding to progress the company (EBRD facility). With all of the above my view is PW will look to secure funding through non dilutive means. Another consideration is due to the scale of the BP RTO, any funding through share issues to make a sizeable dent in the sums would be unrealistic.

PW always talks about shareholder value. For me I will never invest long term in a company where I don’t trust the CEO. PW has my support and I trust he’ll deliver a deal maximising shareholder value. We’ll see if that is misplaced soon enough! ATB

Much appreciated Appiamma, thanks.

From RNS 10th July regarding Kalahari Metals Limited AEM:

"Both airborne surveys scheduled to start in July with processed results expected in September 2018"

So expect processed results any day now. They will have had a good long time to get hold and analyse the results, you would of thought it'd be a pretty short exercise if there was nothing of interest.. Those folks over at MOD also have a few assays overdue I reckon. All in good time i'm sure